TMBvsVCRMETF Comparison
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Thornburg Multi Sector Bond ETF (TMB) belongs to the Intl Aggregate Bonds segment. Vanguard Core Tax-Exempt Bond ETF (VCRM) is part of the Municipal Bonds segment. TMB's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, VCRM's top sector exposures are Municipal. TMB is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.12% for VCRM. TMB is down -0.2% year-to-date (YTD) with +$198M in YTD flows. VCRM performs worse with -1.33% YTD performance, and +$1.84B in YTD flows. Run a side-by-side ETF comparison of TMB and VCRM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TMB vs VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TMB VCRM | -0.09%-0.38% | -1.10%-3.26% | -0.20%-1.33% | +0.28%-0.75% | n/an/a | n/an/a |
| Flows | TMB VCRM | +$7M+$677M | +$37M+$905M | +$198M+$1.84B | +$194M+$2.06B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TMB VCRM | +2.92%+5.29% | +2.60%+3.35% | n/an/a | n/an/a |
| Max drawdown | TMB VCRM | -2.30%-5.68% | -2.53%-6.33% | n/an/a | n/an/a |
| Max drawdown duration | TMB VCRM | 52d92d | 229d102d | n/an/a | n/an/a |
Trading data
TMB | VCRM | |
Last sale 10/16/2026 at 1:30 PM | $24.82 | $72.58 |
| Previous close 10/15/2026 | $24.81 | $72.68 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TMB | VCRM | |
|---|---|---|
| Last price | $24.82 | $72.58 |
| 1D performance | +0.04% | -0.14% |
| AuM | $266.36 M | $2.59 B |
| E/R | 0.55% | 0.12% |
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Exposure
Countries
TMB
USA
49.95%
Other
50.05%
VCRM
USA
50.9%
Other
49.1%
Sectors
TMB
Finance
12.66%
Sovereign
8.69%
Industrials
7.9%
Other
70.75%
VCRM
Municipal
50.9%
Other
49.1%
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Diversification
TMB
Total weight of top 15 holdings out of 15
25.83%
VCRM
Total weight of top 15 holdings out of 15
7.11%
Top 15 holdings
Data as of August 31, 2026
TMB
US91282CRF04
9.33%
USA, Notes 4.25% 30jun2033, USD (M-2033)
3.42%
Thornburg Capital Management Fund
2.90%
USA, Bonds 2.875% 15aug2045, USD
1.66%
USA, Notes 3.75% 31aug2031, USD (P-2031)
1.31%
FR RQ0146, 5.5% 1aug2056, USD (ABS)
1.14%
US3140W5WV28
1.02%
FN MA5497, 5.5% 1oct2054, USD (ABS)
0.92%
US31418D3H34
0.89%
US912803HV84
0.72%
FR SD8178, 2.5% 1nov2051, USD (ABS)
0.64%
US31418F2K27
0.57%
USA, STRIPS 0% 15may2042, USD (10957D)
0.51%
US3140XRWW19
0.40%
US142921AG08
0.38%
VCRM
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.71%
US09182TEC71
0.61%
Kentucky Public Energy Authority, 4% 1aug2052, USD (2022)
0.53%
Jefferson Sales Tax District, 5% 1dec2042, USD (2017B)
0.52%
Los Angeles Metropolitan Transportation Authority, 5% 1jul2042, USD (2021-A)
0.48%
State of Hawaii, 4% 1may2036, USD
0.47%
US625517PJ02
0.46%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.45%
PEFA Inc., 5% 1apr2035, USD (2026A)
0.44%
Texas Department of Housing and Community Affairs, 6% 1jan2057, USD (2026B)
0.44%
Energy Southeast, 5% 1sep2033, USD (2025B)
0.42%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.41%
US235330AW70
0.40%
US57563WAC29
0.40%
Indiana Finance Authority, 5% 1oct2046, USD (2016A)
0.38%
Frequently asked questions about TMB and VCRM
How have the TMB and VCRM ETFs performed in 2026?
As of October 16, 2026, TMB is down -0.2% year-to-date (YTD), while VCRM has lost -1.33%. That puts TMB better performer ahead so far this year.
Which ETF is attracting more investor money: TMB or VCRM?
Year-to-date, the TMB ETF saw +$198M in flows, compared to +$1.84B for VCRM.
Which ETF is more volatile: TMB or VCRM?
Over the past year, TMB had a volatility of 2.6%, while VCRM experienced 3.35%.
Which ETF is bigger: TMB or VCRM?
As of October 16, 2026, TMB holds $266.36 M in assets under management (AUM), while VCRM manages $2.59 B.
What sectors do the TMB and VCRM ETFs invest in?
TMB leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the TMB ETF and VCRM ETF?
TMB top holdings include US91282CRF04, USA, Notes 4.25% 30jun2033, USD (M-2033) and Thornburg Capital Management Fund. VCRM holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), US09182TEC71 and Kentucky Public Energy Authority, 4% 1aug2052, USD (2022).
Which ETF is more diversified: TMB or VCRM?
TMB holds 631 securities with 25.83% of its assets in the top 15. VCRM has 2385 securities and a top 15 weight of 7.11%.
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